Audio By Carbonatix
Trading activity for the Government of Ghana bonds rebounded after losing significant steam in the prior week.
Impressively, the total volume traded advanced significantly, reaching a post-Domestic Debt Exchange Programme (DDEP) record high of ¢1.26 billion.
The February 2028 (coupon: 8.5%) and February 2030 (coupon: 8.8%) papers constituted 87% of total market turnover.
The 2027 to 2030 tenors traded around a weighted average yield of 14.46%, while the 2031 to 2033 papers were exchanged at 13.52%.
With investors gradually regaining confidence in the Ghanaian economy, the bond market is likely to continue to record improved trading activity this week.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
4 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
15 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
19 minutes -
Nigeria convicts 386 Islamist militants in mass trials
24 minutes -
Djibouti president wins election with 97.8% of vote, state media says
28 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
42 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
1 hour -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
1 hour -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours